Yahoo swept out Scott Thompson as CEO Sunday in an effort to clean up a mess created by a misleading resume that destroyed his credibility as he set out to turn around the long-troubled Internet company.
There are a million funding stories in the tech industry every week. And most of them aren't particularly newsworthy. But the news that ecommerce startup ShopRunner raised $75 million from Chinese Internet company Alibaba has a pretty delicious backstory. Alibaba is a huge, powerful ecommerce company doing tons of business in China.
Yahoo has confirmed that Thompson's resume contains misleading information about his education.An activist investor is demanding thatYahoo Inc.fire its new chief executive, Scott Thompson, after the Internet company confirmed that his resume contained misleading information about his education.